Wilmington Savings Fund Society FSB Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Wilmington Savings Fund Society FSB grew its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 55,334.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,273,052 shares of the cable giant's stock after buying an additional 8,258,128 shares during the quarter. Comcast accounts for approximately 6.2% of Wilmington Savings Fund Society FSB's portfolio, making the stock its biggest position. Wilmington Savings Fund Society FSB owned approximately 0.22% of Comcast worth $345,565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Koshinski Asset Management Inc. grew its holdings in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock worth $1,277,000 after acquiring an additional 249 shares in the last quarter. Taurus Asset Management LLC grew its stake in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after purchasing an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant's stock valued at $353,000 after buying an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock valued at $243,000 after buying an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its holdings in Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant's stock worth $382,000 after buying an additional 261 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMCSA. Rosenblatt Securities reaffirmed a "neutral" rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.19.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Stock Up 1.3 %

NASDAQ:CMCSA traded up $0.53 during trading hours on Thursday, reaching $40.24. The company's stock had a trading volume of 22,430,502 shares, compared to its average volume of 19,645,764. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $153.98 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The business's 50-day moving average is $42.35 and its 200-day moving average is $40.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the business posted $1.08 EPS. Comcast's revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.08%. Comcast's dividend payout ratio (DPR) is 33.33%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.